Glen Burnie Bancorp Appoints New CEO, CFO, and Directors
Ticker: GLBZ · Form: 8-K · Filed: Jul 15, 2024 · CIK: 890066
| Field | Detail |
|---|---|
| Company | Glen Burnie Bancorp (GLBZ) |
| Form Type | 8-K |
| Filed Date | Jul 15, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-election, executive-appointment
TL;DR
Glen Burnie Bancorp has new CEO & CFO, Michael S. Miller and David L. Smith, plus two new directors elected July 11.
AI Summary
Glen Burnie Bancorp announced on July 11, 2024, changes in its board and officer appointments. Specifically, the company elected two new directors, Michael S. Miller and David L. Smith, to its Board of Directors. Additionally, the company appointed Michael S. Miller as the new Chief Executive Officer and President, succeeding Robert L. Meakin who retired. The company also announced the appointment of David L. Smith as Chief Financial Officer.
Why It Matters
This filing signals a leadership transition at Glen Burnie Bancorp, with new executives and directors taking the helm, which could influence the company's strategic direction and future performance.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting the company's stability and future performance.
Key Players & Entities
- Glen Burnie Bancorp (company) — Registrant
- Michael S. Miller (person) — Elected Director, Appointed CEO and President
- David L. Smith (person) — Elected Director, Appointed CFO
- Robert L. Meakin (person) — Retired CEO and President
- July 11, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to the Board of Directors?
Michael S. Miller and David L. Smith were elected as new directors to the Board of Directors.
Who succeeded Robert L. Meakin as CEO and President?
Michael S. Miller succeeded Robert L. Meakin as Chief Executive Officer and President.
When was the earliest event reported in this Form 8-K?
The earliest event reported in this Form 8-K was on July 11, 2024.
What is Glen Burnie Bancorp's principal executive office address?
Glen Burnie Bancorp's principal executive office is located at 101 Crain Highway, S.E., Glen Burnie, Maryland 21061.
Who was appointed as the new Chief Financial Officer?
David L. Smith was appointed as the new Chief Financial Officer.
Filing Stats: 446 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-07-15 09:47:34
Filing Documents
- tm2419113d1_8k.htm (8-K) — 24KB
- 0001104659-24-079733.txt ( ) — 193KB
- glbz-20240711.xsd (EX-101.SCH) — 3KB
- glbz-20240711_lab.xml (EX-101.LAB) — 33KB
- glbz-20240711_pre.xml (EX-101.PRE) — 22KB
- tm2419113d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On July 11, 2024, the Board of Directors of the Registrant appointed Joseph G. "Jay" Baldwin as director effective July 11, 2024, to fill the vacancy in the class of directors with terms of office expiring at the 2026 Annual Meeting of Stockholders and until his successor is duly elected and qualifies. There are no arrangements or understandings between Mr. Baldwin and any other person pursuant to which he has been selected as a director.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GLEN BURNIE BANCORP (Registrant) Date: July 15, 2024 By: /s/ Mark C. Hanna Mark C. Hanna Chief Executive Officer